• Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
Friday, September 12, 2025
  • Login
  • Register
Coin24h.com
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
Coin24h.com
No Result
View All Result
Ledger Nano X - The secure hardware wallet
ADVERTISEMENT

Bitcoin miner Riot sues Rhodium Enterprises for unpaid fees worth $26 million

13 May 2023
in Mining
Reading Time: 2 mins read
A A
0
Bitcoin miner Riot sues Rhodium Enterprises for unpaid fees worth  million
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter
cryptotrader
ADVERTISEMENT

  • A subsidiary of Bitcoin miner Riot Platforms is suing another miner, Rhodium Enterprises for $26 million in unpaid fees.
  • Riot says that Rhodium “deliberately miscalculated” how much it had to pay in hosting fees for Riot’s services.

Whinstone US, a subsidiary of Bitcoin [BTC] miner Riot Platforms (RIOT), is suing another miner, Rhodium Enterprises, stating that it is owed $26 million in hosting costs and requesting that a local court rule that it does not owe the defendant any credits relating to demand response programs.

Riot first revealed its allegations in its first-quarter earnings report on 13 May, and its participation in demand response programs, in which crypto miners receive power credits in exchange for limiting their energy consumption, is the main reason for the lawsuit. Riot filed a civil complaint for breach of contract with the district court of Milam County in Texas on 2 May and named four of Rhodium’s subsidiaries as defendants.

Related articles

No, Russia did not just lift its ban on domestic crypto use

No, Russia did not just lift its ban on domestic crypto use

30 July 2024
New US Bitcoin Mining Hardware Creates B Opportunity, Could Disrupt China’s Mining Dominance: Bernstein – Canaan (NASDAQ:CAN)

New US Bitcoin Mining Hardware Creates $20B Opportunity, Could Disrupt China’s Mining Dominance: Bernstein – Canaan (NASDAQ:CAN)

30 July 2024

Rhodium “deliberately miscalculated” its payments?

Riot says that Rhodium “deliberately miscalculated” how much it had to pay in hosting fees for Riot’s services. The lawsuit mentions that both the companies intended to split the net revenue from Rhodium’s mining at the Whinstone facilities, which also claimed that the Rhodium cheated Whinstone out of $26 million between 2021 and the first quarter of 2023.

[crypto-donation-box]

Whinstone claims that it attempted to collect the payments in May 2022, and on 5 April, but the Rhodium entities refused or failed to pay, prompting the complaint.

Cryptohopper
ADVERTISEMENT

Besides, Riot argues that Rhodium’s units accumulated power credits on their books for two years that it did not own. Riot also wants the court to rule that it owes Rhodium no power credits. Riot believes that the power credits may have had a legal foundation under previous contracts, but that those have been superseded by the December 2020 agreements.

Rhodium’s crypto entities sought Whinstone in October 2022 to “verify” that they were “owed” electricity credits unrelated to the expired contracts. Whinstone denied the proposal and requested the court to rule that it owes Rhodium no such credits.

Source link

Tags: BitcoinEnterprisesFeesmillionMinerRhodiumRiotSuesUnpaidWorth
Share76Tweet47
Ledger Nano X - The secure hardware wallet
Previous Post

Memecoin Mania Propels Bitcoin Transaction Fees To Highest Level In Two Years

Next Post

CEO says Bitcoin 401(k) trumps traditional retirement savings

Related Posts

No, Russia did not just lift its ban on domestic crypto use

No, Russia did not just lift its ban on domestic crypto use

30 July 2024
0

A fake news story circulated today about Russia’s supposed embrace of bitcoin mining and crypto payments. According to excited social...

New US Bitcoin Mining Hardware Creates B Opportunity, Could Disrupt China’s Mining Dominance: Bernstein – Canaan (NASDAQ:CAN)

New US Bitcoin Mining Hardware Creates $20B Opportunity, Could Disrupt China’s Mining Dominance: Bernstein – Canaan (NASDAQ:CAN)

30 July 2024
0

A new report estimates a $20 billion revenue opportunity in Bitcoin BTC/USD mining chips and hardware over the next five...

Russia Races to Legalize Crypto as Sanctions Weigh On Firms – BNN Bloomberg

Russia Races to Legalize Crypto as Sanctions Weigh On Firms – BNN Bloomberg

30 July 2024
0

(Bloomberg) -- Russia is moving to regulate the use of cryptocurrencies, as companies wrestle with increasing difficulties in foreign payments...

Russia Advances Crypto and Mining Regulations as US Sanctions Impact Economy

Russia Advances Crypto and Mining Regulations as US Sanctions Impact Economy

30 July 2024
0

The Russian central bank plans to initiate international payments in cryptocurrencies by the end of the year to overcome delays...

Wall Street Bitcoin Miner Taps Institutional Investor for £6.5 Million Capital Boost

Wall Street Bitcoin Miner Taps Institutional Investor for £6.5 Million Capital Boost

30 July 2024
0

Listed both on Wall Street and the London Stock Exchange (LSE) Bitcoin miner Argo Blockchain, has announced a £6.5 million...

Load More
Next Post
CEO says Bitcoin 401(k) trumps traditional retirement savings

CEO says Bitcoin 401(k) trumps traditional retirement savings

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Solana (SOL) Price Prediction 2025 – Can the Bull Run Push It to ,000?

Solana (SOL) Price Prediction 2025 – Can the Bull Run Push It to $1,000?

12 September 2025
Solana Surges as TVL Hits B and Market Cap Overtakes BNB – CoinCentral

Solana Surges as TVL Hits $13B and Market Cap Overtakes BNB – CoinCentral

12 September 2025
Most big cryptocurrencies rise as Solana rallies – MarketWatch

Most big cryptocurrencies rise as Solana rallies – MarketWatch

12 September 2025
WLFI Burn Proposal Targets 50% Price Surge With Buybacks

WLFI Burn Proposal Targets 50% Price Surge With Buybacks

12 September 2025

About Us

We publish a comprehensive news feed covering all news relevant to the crypto user, covering main industry news, politics and regulation as well as consumer-level “news you can use” (practical stuff), including handy DIY tips, links to useful tools, unbiased reviews and opinions revolving around cryptocurrency. Simple logic and real-world examples are preferred before technical jargon and personal rants.

Categories

  • Altcoin
  • ApeCoin
  • Bitcoin
  • Blockchain
  • BNB
  • Cardano
  • Cryptocurrency
  • DOGE
  • DOT
  • Ethereum
  • HBAR
  • Litecoin
  • Market
  • Meta News
  • Mining
  • NFT
  • QNT
  • Regulation
  • SHIBA
  • Solano
  • Tether
  • Uncategorized
  • XDC
  • XLM
  • XRP

What’s New Here!

  • Solana (SOL) Price Prediction 2025 – Can the Bull Run Push It to $1,000?
  • Solana Surges as TVL Hits $13B and Market Cap Overtakes BNB – CoinCentral
  • Most big cryptocurrencies rise as Solana rallies – MarketWatch
  • WLFI Burn Proposal Targets 50% Price Surge With Buybacks
  • Solana (SOL) Price News: Galaxy Scoops Up Over $700M in SOL From Binance, Coinbase – CoinDesk

Subscribe Now

Our Partner

Round Main Logo
  • About Us
  • Privacy Policy
  • Contact Us

© 2022-2025 coin24h.com

No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining

© 2020 coin24h.com

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin (BTC) $ 115,752.00
  • ethereumEthereum (ETH) $ 4,581.37
  • xrpXRP (XRP) $ 3.05
  • tetherTether (USDT) $ 1.00
  • solanaSolana (SOL) $ 239.62
  • bnbBNB (BNB) $ 909.65
  • usd-coinUSDC (USDC) $ 0.999790
  • dogecoinDogecoin (DOGE) $ 0.271088
  • staked-etherLido Staked Ether (STETH) $ 4,575.43
  • tronTRON (TRX) $ 0.349941
  • cardanoCardano (ADA) $ 0.902000
  • wrapped-stethWrapped stETH (WSTETH) $ 5,552.68
  • chainlinkChainlink (LINK) $ 24.66
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 4,942.81
  • hyperliquidHyperliquid (HYPE) $ 55.67
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 115,806.00
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • suiSui (SUI) $ 3.65
  • figure-helocFigure Heloc (FIGR_HELOC) $ 1.03
  • stellarStellar (XLM) $ 0.393920
  • wrapped-eethWrapped eETH (WEETH) $ 4,923.80
  • avalanche-2Avalanche (AVAX) $ 28.47
  • bitcoin-cashBitcoin Cash (BCH) $ 592.65
  • wethWETH (WETH) $ 4,581.27
  • hedera-hashgraphHedera (HBAR) $ 0.242484
  • litecoinLitecoin (LTC) $ 117.41
  • leo-tokenLEO Token (LEO) $ 9.59
  • crypto-com-chainCronos (CRO) $ 0.254880
  • the-open-networkToncoin (TON) $ 3.20
  • shiba-inuShiba Inu (SHIB) $ 0.000014
  • usdsUSDS (USDS) $ 0.999084
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 115,721.00
  • polkadotPolkadot (DOT) $ 4.23
  • whitebitWhiteBIT Coin (WBT) $ 43.95
  • uniswapUniswap (UNI) $ 10.06
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.20
  • world-liberty-financialWorld Liberty Financial (WLFI) $ 0.207064
  • mantleMantle (MNT) $ 1.61
  • ethenaEthena (ENA) $ 0.756927
  • moneroMonero (XMR) $ 276.69
  • aaveAave (AAVE) $ 314.97
  • pepePepe (PEPE) $ 0.000011
  • bitget-tokenBitget Token (BGB) $ 4.92
  • daiDai (DAI) $ 1.00
  • memecoreMemeCore (M) $ 2.46
  • okbOKB (OKB) $ 195.19
  • myx-financeMYX Finance (MYX) $ 18.63
  • jito-staked-solJito Staked SOL (JITOSOL) $ 294.14
  • ondo-financeOndo (ONDO) $ 1.10